Feeds: Email, RSS & Twitter

Get Our Videos By Email


8,300 Unique Visitors In The Past Day


Powered by Squarespace


Search The Archive Of 15,000 Videos




Hank Paulson Is A Criminal - Pass It On

"The Federal Reserve Is A Ponzi Scheme"

Get Our Videos By Email


Bernanke's Replacement: Happy Hour In Santa Cruz

Must See: National Debt Road Trip

"Of Course We're Not Going To  Payback the Chinese."

Dave Chappelle On White Collar Crime

Carlin: Wall Street Owns Washington

SLIDESHOW - Genius Signs From Irish IMF Protest

SLIDESHOW - Airport Security Cartoons - TSA

Most Recent Comments
Cartoons & Photos
« Davos Video: Nobel Economics Laureate Daniel Kahneman Reflects on the Failures of Alan Greenspan | Main | New Bailout Comedy Videos: More from Jon Stewart & The Daily Show Feb. 15th »

Bank Bailout News Video: From The World Economic Forum at Davos, Nobel Laureate Joseph Stiglitz Discusses 'Bank Management Stupidity'

This is a 7 minute clip from the recent World Economic Forum at Davos.  Nobel Economics Laureate and former chief economist at the World Bank, Joseph Stiglitz tells the truth about the government bailouts.  He touches on everything from AIG, to CDS, leverage on wall street, the bad bank proposal and our burgeoning national debt.  It's great watching, not wonkish, and very easy to follow. 

Higlights: bad bank is cash for trash, aig is a never-ending black hole, and stupid bankers and their leverage made this crisis much worse. 

These are all points we have been making here on a daily basis, and it's helpful for our sanity to learn that Stiglitz is of the same mind.  Attention Obama: get Stiglitz on your team quickly, your opportunity to fix the banks fades daily as more taxpayers discover that your plan is nothing but Bush Paulson 2.0.


PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (3)

Truth, Common Sense, and Sense of Responsibility have been proven to NOT belong in DC.....for quite some time now and for the foreseeable future. Hang on because this is gonna get FUGLY!
Feb 15, 2009 at 2:49 PM | Unregistered CommenterAin't Bullshittin'
Stiglitz had brass balls to be this blunt at the World Economic Forum. His comments are surely ruffling some feathers. Still, I am glad he said what needed to be said and he has the credibility to back it up.
Feb 16, 2009 at 12:24 AM | Unregistered Commenterspideydouble
I am truly amazed...
Mar 8, 2010 at 8:22 PM | Unregistered CommenterS. Gompers
Comments for this entry have been disabled. Additional comments may not be added to this entry at this time.